Clm Rsv Model - Actuaries Rely Upon Clm Data Flashcards

1
Q

Issues when applying continuance tables for reserving LTC products (2)

A
  1. Continuance tables are applied to open claims that are not based on accurate dates when establishing reserves (different days due to clm adjudication)
  2. Impact of bias due to claim admin practices - some admin update status more frequently
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